Red Sea Conflict Risk to PIF Investments

16th January, 2024

The Red Sea region is at significant risk of conflict escalation amid Houthi attacks on ships and retaliation by the US, UK and their partners in Operation Prosperity Guardian to protect global supply chains - and this puts Gulf sovereign wealth funds' investments in the region at increasing risk as conflict escalates.

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Oman’s OIA Follows Gulf Peers with Egyptian Banking Bid

9th January, 2024

The Oman Investment Authority (OIA) is reportedly in negotiations with the Egyptian government to acquire a majority stake in the Export Development Bank of Egypt (EBank) as it heads for an IPO.

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PIF Starts 2024 with Impact, After Year of Massive Investments

4th January, 2024

Saudi Arabia’s PIF continues to advance its role in the Kingdom’s economy, championing state capitalism with the acquisition of a 23.1% stake in the Tadawul-listed Middle East Paper Company (Mepco) worth an estimated SAR522 million (US$139 million) based on current share prices.

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Global SWF's Most-read Commentaries of 2023

29th December, 2023

This year saw Global SWF publish 250 daily articles on the latest developments in the sovereign wealth universe at a time of rising geopolitical tensions, economic slowdown and high inflation.

Announcing 2024 Annual Report and Presentation

15th December, 2023

On Monday, January 1, 2024, we will be releasing the industry’s most timely, rigorous, and insightful account of the activity and trends of Sovereign Wealth Funds and Public Pension Funds during 2023. The report is titled “State-Owned Investors Powering Through Crises” and includes the following sections:

PIF Confirms Saudi-Iraq Ties With US$3bn Partnership

6th December, 2023

Saudi Arabia’s Public Investment Fund (PIF) has added to its suite of multi-billion bilateral investment platforms with a US$3 billion pledge to neighbouring Iraq.

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Britannia is Cool Again: Saudis Buy Heathrow, Australians Pledge Billions in Infra

29th November, 2023

The UK is shaking off post-Brexit anxieties and attracting a slew of FDI in its infrastructure investment from Saudi Arabia’s Public Investment Fund (PIF) and two of Australia’s biggest pension fund investors, Aware Super and IFM.

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Gulf Funds Snap Up Egyptian Government Assets

2nd November, 2023

The parlous state of the Egyptian economy has provided major investment opportunities for the patient capital of Arabian Gulf funds seeking cheap assets – as well as closer geopolitical alliances with North Africa’s most populous and resource-rich country.

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PIF Drives Local Automotive Value Chain with New Ventures with Global Partners

26th October, 2023

Saudi Arabia’s sovereign wealth fund is driving forward its plans to develop a fully integrated automotive industry in the Kingdom with this week seeing it sign deals with Hyundai and Pirelli for new manufacturing plants, while it is investing in the infrastructure to support its EV adoption ambitions.

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All Eyes on Indian Venture Capital, Despite Valuation Concerns

12th September, 2023

The G20 Summit in Delhi was accompanied by fresh announcements by state-owned investors intent on shifting focus to India, amid ongoing de-China-ization by Western funds and growing Middle Eastern interest in the South Asian economic behemoth’s massive potential.

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Australian Super Invests in 21st Century Data Center Gold Rush

11th September, 2023

Australian Super has made one of the biggest deals in data center investment by any state-owned investor, with its EUR1.5 billion (US$1.6 billion ) investment in Vantage Data Centers.

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PIF Consolidates Steel, Sells LPG Distributor as Saudi State Restructures Assets

5th September, 2023

Saudi Arabia’s sovereign wealth fund has created a national champion for the steel industry, while exiting the Kingdom’s leading distributor of liquefied petroleum gas (LPG), National Gas and Industrialization Company (GASCO).

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